Group 1: Nvidia's Stock Performance - Nvidia's shares have remained in a narrow trading range for months, with a nearly 2% decline on a recent Friday, despite record levels of global capital expenditures on AI infrastructure [1] - Since August, Nvidia's stock has gained just under 2%, which is only slightly better than broader market indexes, while competitors TSMC and AMD have seen increases of approximately 52% and 12%, respectively [1] Group 2: AI Infrastructure Spending - Major tech firms, including Meta Platforms, Alphabet, Microsoft, and Amazon, are expected to spend over $600 billion on AI infrastructure in 2026, indicating a sustained increase in corporate investment in machine-learning compute and data centers [2] - Analysts suggest that there is a disconnect in how investors are pricing future AI spending into equities, even for companies directly involved in the AI boom [2] Group 3: Revenue Concerns - There are growing concerns that the revenue generated from AI may not keep pace with the announced capital expenditures, as noted by JoAnne Feeney from Advisors Capital Management [3] - Despite strong demand for Nvidia's chips and revenue projections that exceed most competitors, valuation multiples have compressed, with Nvidia trading at about 24 times projected profits, which is in line with the Nasdaq-100 and only slightly above the S&P 500 [4] Group 4: Market Expectations and Future Guidance - Investors are awaiting Nvidia's next quarterly report, scheduled for February 25, which is seen as a crucial catalyst that could influence whether the stock breaks out of its current range [5] - Analysts warn that after years of accelerated capital expenditures, growth in technology infrastructure spending may slow, potentially reducing orders for data-center chips [6] Group 5: Competitive Landscape - Concerns persist regarding the sustainability of AI infrastructure spending growth, which could negatively impact Nvidia's performance, as highlighted by Stifel analyst Ruben Roy [7] - Investors are also apprehensive that the significant investments in AI may yield slower returns than anticipated, especially with increasing competition from Google's TPU teams and startups developing alternative AI processors [8]

AI now unveiling its first model to run entirely on chips from the startup Cabus. It's a sign a company's diversifying beyond Nvidia GPUs. Our Dur Debosa has more on that in today's tech check.Morning D. >> Hey, good morning Carl. So never mind that OpenAI is one of Nvidia's largest customers.This is also part of a larger trend. Google shipped Gemini 3 in December trained and served on its own custom AI chips TPUs. Then you got Chinese AI lab GPU releasing GLM trained on Huawei chips and we know that others ...

Core Insights - Safran Landing Systems, a subsidiary of Safran Group, has signed a deal with Morocco to establish a landing gear factory near Casablanca valued at 280 million euros ($332 million) to support Airbus A320 production [1][1][1] - The new plant is part of Morocco's strategy to enhance its role in the global aerospace supply chain, with production expected to commence in 2029 [1][1][1] - The Moroccan aerospace sector, which includes 150 firms, employs approximately 25,000 people and saw exports increase to 29 billion dirhams ($3 billion) in 2025, up from 26.4 billion dirhams the previous year [1][1][1] Company Developments - The new factory will aid Safran in maintaining the production pace of the Airbus A320 family and in preparing for the next generation of short and medium-haul aircraft [1][1][1] - Safran has previously signed agreements with the Moroccan government to establish an engine assembly line for Airbus jets and a maintenance and repair facility in Midparc, an industrial zone near Casablanca [1][1][1]

Group 1: Market Capitalization and Stock Performance - Netflix's market capitalization is currently $346.9 billion, down 38.6% from its 52-week high [2][1] - Oracle's market capitalization stands at $410.4 billion, having fallen 56.5% from its peak [2][1] - Both companies are significantly below the $1 trillion market cap threshold, which includes major players like Nvidia, Alphabet, and Apple [2] Group 2: Oracle's AI Investments and Financial Position - Oracle is raising capital to fund its AI initiatives, focusing on expanding its Oracle Cloud Infrastructure (OCI) and multicloud data centers [5][7] - The company plans to raise $45 billion to $50 billion by 2026 through various financial instruments, including equity and bonds [7] - Oracle's long-term debt is $99.98 billion, while cash and cash equivalents are only $19.24 billion, raising concerns about its financial health [6][8] Group 3: Cash Flow and Investor Sentiment - Oracle reported negative free cash flow of $13.2 billion in Q2 of fiscal 2026, a decline from $9.5 billion in the same quarter the previous year [8] - The shift from being a high-margin cash generator to a capital-intensive operation has led to investor concerns regarding Oracle's heavy reliance on AI investments [8]

Core Insights - Major tech companies including Meta, Amazon, and Google are leading a significant capital expenditure (CapEx) wave, with a total of approximately $700 billion allocated for AI infrastructure in 2026 [1] - Despite the massive spending, Nvidia's stock has only increased by 0.24% year-to-date, raising questions about market expectations for sustained GPU demand [1] - Other companies such as Broadcom, Micron, Lumentum, and Bloom Energy have seen substantial stock price increases, indicating strong performance in the AI supply chain [1] Capital Expenditure Breakdown - Hyperscalers like Amazon, Alphabet, Meta, and Microsoft are driving the largest technology infrastructure expansion in history, with Amazon planning $200 billion, Alphabet $185 billion, and Meta up to $135 billion [1] - Secondary spending is also coming from 'neoclouds' and projects like sovereign AI data centers, further contributing to the overall CapEx growth [1] Nvidia's Market Position - Nvidia has experienced explosive growth in its Data Center segment, yet its stock price remains flat, suggesting market skepticism regarding the translation of CapEx into long-term demand for GPUs [1] - The company is a significant position in investment portfolios, reflecting confidence in its future despite current stock performance [1] Other Beneficiaries of the CapEx Wave - **Broadcom**: The company is benefiting from custom chip demand, with a 41% stock increase over the past year, despite a 4% decline year-to-date [1] - **Lumentum**: This company has seen a remarkable 637% stock surge due to strong demand for optical components in data centers [1] - **Micron Technology**: The only US-based memory manufacturer has experienced a 353% stock increase driven by AI memory demand [1] - **Bloom Energy**: The company has seen a 492% stock increase, addressing power demands for AI data centers [1]

Herkese merhaba. Öncelikle hoş geldiniz. Eee bugün ben dünyanın görme engelli ilk bilgisayar nörobilimcisi ve bir teknoloji lideri olarak eee kendi beynimin işletim sisteminin, e dünyanın algoritmasıyla nasıl çalıştığını ve hangi noktalarda error verdiğini anlatacağım. İlerledi galiba değil mi? Bu benim beynim. Eee, şimdi dünyada bütün, e, teknolojik cihazlar üç ana işletim sistemi yani yazılım üzerinde çalışıyor. Windows, eee, MacOS ve Linux'lar var. Eee, şimdi bizim beyinleri de bir bilgisayara benzetirse ...

Market Performance - The three major US stock indices experienced fluctuations, with the Dow Jones down 0.03%, Nasdaq down 0.31%, and S&P 500 down 0.03% as of the report [1] - The "Big Seven" tech stocks, including Nvidia, Tesla, Microsoft, Google, Amazon, Apple, and Meta, all saw declines, with Nvidia dropping nearly 2% and other stocks falling within 1% [2][3] Sector Analysis - The storage sector, which had previously surged, also declined, with SanDisk down over 3% and Micron down over 1% [2] - The Nasdaq China Golden Dragon Index fell by 0.34%, indicating a downturn in Chinese stocks listed in the US [4] Economic Indicators - The US Consumer Price Index (CPI) rose by 2.4% year-on-year in January, lower than December's 2.7%, with core CPI (excluding food and energy) rising by 2.5%, aligning with economists' expectations [6] - The January CPI increased by 0.2% month-on-month, while core CPI rose by 0.3%, both slightly below market expectations [6][8] - Despite some price increases in categories like clothing and airfare, the overall moderation in price growth is seen as a positive sign for the US economy [6] Inflation Insights - Food prices increased by 0.2%, with five out of six major grocery categories experiencing price hikes, while energy prices fell by 1.5% [7] - The automotive market showed weakness, with new car prices rising only 0.1% and used car prices dropping by 1.8% [8] - Following the inflation data release, traders adjusted their expectations for interest rate cuts, now anticipating a total of 63 basis points of cuts this year [8]

Core Insights - Nvidia stock (NASDAQ: NVDA) experienced a decline as traders took profits after a period of strong performance, reinforcing its status as a "crowded winner" in the AI-chip sector [1] Group 1: Company Performance - Nvidia's stock price fell on Friday, indicating a profit-taking move by investors following a successful run [1] - The company has been recognized as a leader in the AI-chip market, contributing to its recent stock performance [1] Group 2: Market Context - The decline in Nvidia's stock is part of a broader market trend where investors are locking in gains across various sectors [1]

尽管人工智能领域资本支出持续膨胀，英伟达的股价表现却趋于冷却。这家AI芯片巨头自四季度以来仅上涨约1%，目前市盈率约为24倍，与纳 斯达克100指数大致持平，显示市场正重新评估其估值溢价。 竞争格局的变化成为观望情绪的核心驱动。英伟达首席执行官黄仁勋本月以约200亿美元收购推理硬件初创公司Groq的技术授权并招募其大部分 芯片团队，这一举动本身即印证了其他公司在特定领域的竞争力。与此同时，Cerebras与OpenAI签署了100亿美元的快速推理芯片供应协议， Anthropic也与多家非英伟达芯片供应商达成合作。 这些交易正在重塑市场对AI芯片格局的认知。多家初创企业表示，自Groq交易以来，潜在投资者的兴趣明显上升。SambaNova甚至放弃了以远低 于上轮估值出售公司的讨论，转而寻求新一轮融资。 对投资者而言，这一系列信号意味着：尽管英伟达仍是AI芯片领域无可争议的领导者，但其垄断地位可能不再像过去那样牢不可破。市场正 从"押注单一龙头"转向"重新定价竞争风险"。 推理芯片市场成为竞争焦点 微软支持的AI芯片公司D-Matrix首席执行官Sid Sheth指出，自去年初DeepSeek亮相以来，市场对快 ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted a ...